's like no gas. what are we going to do. >> reporter: in the tablet wars, google introduced the nexus 7 and ipad came out with the ipad mini. while media continues to boom, news print dwindles. "newsweek," the magazine, will continue in a digital version only. hostess brands which made twinkies, ho-hos and wonder bread shut down after a crippling labor strike. >> what is the world going to be without twinkies? >> reporter: a new intelligence report reports that china will overtake the u.s. economy in 20 years, but america's more immediate concern was the unemployment rate, which finally slipped below 8% in six years. that helped ignite a record shopping spree. americans spent a record $59 billion over thanksgiving weekend but shopping slowed closer to christmas as consumers kept an eye on washington's efforts to avoid the fiscal cliff. alexis christoforous, "cbs news," new york. >>> coming up on "cbs this morning," an update on your last-minute holiday travel and we'll get a live report from dallas-ft. worth airport. >>> plus, the nra is speaking out in the debate over the gun control.